Market Overview
Home Prices in Clearwater, MN
The median home value in Clearwater, MN is $284,402 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.7% compared to a year ago and up 3.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Clearwater are priced31% below average. Clearwater is part of the Minneapolis-St. Paul-Bloomington, MN-WI metro area.
Over the past five years, Clearwater home values have risen by approximately23.4%, reflecting strong long-term appreciation in this market.
Price History
Clearwater Home Price Trend
City Comparison
Clearwater vs. National Median
At $284,402, homes in Clearwater cost 31% below the national median of $410,000. This makes Clearwater a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Clearwater?
20% Down Payment
$56,880
on $284,402
Monthly P&I
$1,483/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,883/mo
incl. taxes & insurance
Income Needed
$75,320
gross annual (30% rule)
10% Down Option
$28,440
+ PMI applies
Loan Amount (20% dn)
$227,522
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Clearwater, MN?
The median home value in Clearwater is $284,402 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.7% year-over-year.
How much have home prices changed in Clearwater?
Over the past year, home values in Clearwater have increased by 0.7%. Over five years, prices have risen approximately 23.4%.
How much do I need to earn to buy a home in Clearwater?
To comfortably afford the median home price of $284,402 with a 20% down payment ($56,880) at today's rates (6.8%), you'd need a gross annual income of approximately $75,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Clearwater compare to the national average home price?
The national median home value is approximately $410,000. At $284,402, homes in Clearwater are 31% below the national average.
What metro area is Clearwater part of?
Clearwater is part of the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.